U.S. Job Growth Rebounds Sharply, Unemployment Rate Falls To 4.4 Percent(OAN)

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May 6, 2017

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth.

Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said on Friday. April’s job growth, which was broad-based, surpassed this year’s monthly average of 185,000.CONTINUE READING HERE

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